PROCUREMENT AND SOURCING,FREIGHT
Freight Technologies, Inc. | December 02, 2022
Freight Technologies, Inc. (Nasdaq: FRGT), (“Fr8Tech''), a technology company based on its custom-developed Fr8App platform, is powered by AI and machine learning and offers a real-time portal for B2B cross-border shipping and domestic shipping within the United States-Mexico-Canada (NAFTA) region, expands its training program, Fr8University, by directly collaborating with one of the most prestigious private Universities in Mexico.
Fr8University, an educational program offering classroom and on-the-job training for incoming Fr8Tech team members and university students, was started in late 2020 and matriculated its first graduating class in early 2021. Fr8University is now moving beyond training and hiring students by directly entering into a collaborative agreement with a leading University in Mexico to secure the company’s access to talent with the view to ensuring continuity in the Company’s growth as well as providing academia with access to real-time business experiences and technology development challenges.
“We have established a University-Company collaboration model, where an alliance has been created for educational reinforcement through the development of specific projects around new technologies. With this, we reaffirm our commitment to keep innovating at all times and collaborate with the professional learning community. The market for talent in our sector is increasingly impacting companies within the sector and we believe this alliance will give us a leg up on our competitors while providing a leading university with some unique offerings for its student body.”
-Mario Mena, HR director at Fr8App
Javier Selgas, CEO of Fr8Tech, said, The students will be immersed in the logistics world by participating in our Fr8University program. With the knowledge gained from our program and their understanding of computer science, the Company gains insights on the latest trends in technology and the students get to have a real impact on some live projects taking place at our company.
Fr8University program was initially designed to develop our collaborators by providing training in an extensive list of topics in different areas that facilitated their successful incorporation into the truckload freight industry value chain workspace. Now, Fr8University is expanding its program scope by creating alliances with universities, where university talents have the opportunity to collaborate on real projects that add value to our operation.
About Freight Technologies Inc.
Freight Technologies (Fr8Tech, Nasdaq: FRGT) is a technology company developing solutions to optimize and automate the supply chain process. Its wholly owned subsidiary Freight App, Inc. (Fr8App) is a B2B cross-border shipping marketplace in the NAFTA region powered by AI and machine learning. Focused on making shipping transparent and efficient, Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility and simplicity for the once-complex process of international over-the-road (OTR) shipping. Fr8App uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions. The company is headquartered in Houston, Texas. For more information, please visit fr8technologies.com
PROCUREMENT AND SOURCING,FREIGHT
Innofreight | November 18, 2022
Innofreight, the award-winning European rail logistics company and innovation leader has selected Nexxiot to complete the digitalization of its entire railcar fleet. The company which has just moved into its new headquarters in Bruck an der Mur in Austria, works closely with its customers and the wider industry to develop containers, railcars and unloading systems to constantly optimize rail freight transports. Innofreight has a commitment to the highest professional standards, innovation, and modular solutions for maximum capacity across Europe, to drive ecological progress, and support of the shift from road to rail.Innofreight, which has already equipped Nexxiot's Asset Intelligence technology on over 1,000 of its railcars, will now move forward with a further deployment so the entire fleet is digitalized. Innofreight CEO, Isabella Legat said, The company operates in over 20 countries and handles over two million container unloadings every year.
With a railcar fleet of 2,700 and 23,000 containers in use, the adoption of the newest digital strategies is invaluable to our clients and partners, especially where safety is concerned. Here there can be no compromise.New railcars will be produced by TŽV Gredelj, Croatia, part of the Tatravagónka family – a factory with more than 125 years of tradition and experience in the design, production, reconstruction, modernization, and maintenance of all types of railway vehicles. These, together with the existing fleet, will all be fitted with Nexxiot's industry leading Globehopper connectivity gateway.
Innofreight runs 230 block trains every day throughout Europe and seeks to develop logistics solutions that shift road traffic to rail to reduce CO2 and develop modular offerings to maximize capacity, efficiency, and flexibility.
"We endorse Innofreight's stance on innovation and fully support the impressive vision for a more efficient and ecological transport network."
-Nexxiot CEO, Stefan Kalmund
Legat explained, The Innofreight culture is to push for constant improvement. The data we gather through Nexxiot's technology creates transparency, increased efficiency, and productivity through the smart use of data. We always seek to find the best strategic and cultural fit to maximize benefits to our clients. We first entered the partnership with Nexxiot around this time last year. Since then, through our learnings we understood that we can create a new benchmark in safety, maintenance efficiency and client services for our customers all over Europe. Nexxiot's solutions will be deployed to expand our business as well as our services in line with our quality and security standard as we continue to optimize rail freight transports.
Founded in 2002, the rail logistics company is based in Bruck an der Mur (Austria) and handles two million container shipments per year. The company's more than 130 international employees handle 23,000 containers, 2,700 InnoWaggons and 230 block trains for their customers. The company's activities focus on the development of innovative freight wagons, containers and unloading systems for and in cooperation with its customers.
More information at www.innofreight.com
Nexxiot is a TradeTech pioneer for Asset Intelligence with a mission to enable easier, safer, and cleaner global transportation. Nexxiot's trusted integrated technology provides essential operational intelligence and visibility for shipping lines, cargo owners, and railcar operators in the supply chain. Clients and partners such as Hapag-Lloyd and Knorr-Bremse are now able to monitor their assets in real-time from anywhere in the world. Headquartered in Zurich, Nexxiot operates throughout Europe and the U.S., with an international team of employees from 30 countries. For more information, visit www.nexxiot.com
J.B. Hunt Transport Services, Inc | November 04, 2022
J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, announced it ranked seventh on FreightWaves’ 2023 FreightTech 25 list recognizing the most innovative and disruptive companies in the transportation industry.
“Innovation and creativity play an integral role in every aspect of our business, As we continue to embrace the transformation of the transportation logistics industry, it is our focus to generate new opportunities and create value for our customers by leveraging the expertise of our people, our industry-leading technology, and our capacity to deliver.”
-Shelley Simpson, president at J.B. Hunt.
The 2023 FreightTech 25 were revealed during the F3: Future of Freight Festival on November 3, marking the fifth consecutive year J.B. Hunt has received the distinction. Companies selected for the FreightTech 25 are among those in the FreightTech 100, a list compiled by FreightWaves based on an external group of CEOs, leaders, and additional industry professionals. The FreightTech 25 are determined by a point system in which each panelist ranks the companies from 1 to 25, and those earning the highest points receive the honor. The full list is available on the FreightWaves website.
Over the last year, J.B. Hunt has made significant advancements that further its mission to create the most efficient transportation network in North America:
The company has made substantial investments in its technology platform, J.B. Hunt 360°® to expand reach and capability, enhance visibility of freight to more carriers, streamline the booking process and reduce or eliminate ineffective daily tasks.
J.B. Hunt expanded its drop-and-hook freight program J.B. Hunt 360box® with more than 13,000 trailers available. With its ability to turn loads faster, reduce empty miles and improve driver productivity, 360box continues to improve efficiency for shippers and carriers.
In March, J.B. Hunt announced it plans to grow its intermodal fleet to as many as 150,000 containers in the next three to five years as part of a joint initiative with BNSF Railway to relieve capacity constraints.
Since opening its first transloading service facility in November 2021, J.B. Hunt has launched three additional operations, expanding its transloading service footprint to encompass four of the largest ocean ports and the largest land port of entry into the U.S.
J.B. Hunt announced a long-term, strategic alliance with Waymo in January to complete the first fully autonomous transport in the upcoming years. The two launched an ongoing pilot in June to deliver goods for J.B. Hunt customer Wayfair, one of the world’s largest destinations for the home.
J.B. Hunt operates one of the largest company-owned fleets in North America with approximately 113,000 intermodal containers, 24,000 tractors and 41,000 trailers. The company’s J.B. Hunt 360 technology platform is an industry leader in digital freight matching and provides shippers with access to nearly one million trucks through qualified third-party carriers across the country.
About J.B. Hunt
J.B. Hunt Transport Services, Inc., a Fortune 500 and S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.